1,806 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by World Equity Group Inc.

World Equity Group Inc. purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,806 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC raised its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. State Street Corp raised its position in shares of Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Vertiv by 1.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after purchasing an additional 40,696 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Vertiv stock opened at $90.96 on Tuesday. The firm has a 50 day simple moving average of $120.20 and a 200-day simple moving average of $110.18. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 71.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays cut their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.